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Initial Financial Literacy Quiz Flashcards | StudBud
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Initial Financial Literacy Quiz
Initial Financial Literacy Quiz
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Flashcards
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Practice quiz
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Questions
10
Answers
1
Bonds and fixed-income instruments are … compared to stocks and equities
riskier
the same amount of risk
low-risk
2
What does simple interest mean?
raw materials used as assets
interest rate changes
interest rate is fixed
the price paid to borrow money
3
37 states require financial literacy to be taught in high school
False
True
4
Only 16% of millennials understand basic financial principles
True
False
5
CDs stand for…
Certificate of Dividends
Certificate of Deposit
Certificate of Derivatives
Certificate of Debt
6
Which of the following is considered a low-risk investment?
commodities
stocks
CDs
derivatives
7
Interest means reward payments made to a company’s holders usually in cash or more shares
False
True
8
Equities are…
the theoretical value of something if all its debts were paid
reward payments made to a company’s shareholders usually in cash or shares
raw materials used as assets
share of a company
9
Which of the following is considered to be amongst the riskiest investments?
stocks
equities
CDs
commodities
10
Financial literacy is…
knowledge concerning finance and using it to make logical decisions
getting rich quick
spending all your money at town center
Important because it encourages everyone to make smart descisions
